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-run, healthy economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i still have time to get in. but, seriously, how do you feel about that? is it good? is it b
idea. i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immediately right there. so it's two underpinnings. almost like when greece was doing smo of the same things. >> but you say it matters because it could spread elsewhere? >> just the thought that somebody thought this was a good idea is scary enough to me, i would think. but it's going to be one of those things. we'll have to watch and see how it folds out. but i've got a feeling it will have to turn itself around fairly quickly. >> michael, what do you think? have you changed any of your behavior in terms of allocating capital, as a result of what we've seen in the last 48 hours? >> no, not really, maria. i still think that cyprus is certainly something to watch. but i think it's just part of the negotiation process, exactly what's happening in greece. we have to watch and see if it accelerates and this idea sweeps around europe, but i doubt that's going to happen. i actually think that europe is starting to present some o
the economy is getting better, not great, but slightly better. housing will continue to improve. martin luther may or may not be unveiling a new line of papal colors. and go on streetsigns.com to see me race our producer on lawn tractors. he wins. he's got the weight advantage. >> thanks for watching "street signs" everybody. "closing bell" is next. >>> well, we'll see history made today, one way or the other, whether it's in rome or here in new york city. i'm bill griffeth. welcome to "closing bell." we're here at the new york stock exchange, where it looks like another photo finish if history is to be made in the stock market. we know history's about to be made there in vatican city. right now the dow's up 4.5 points. >> history being made on several fronts. i'm sue herrera. maria bartiromo will be right back tomorrow. and at any moment, we'll find who the new pope is. less than an hour ago, that white smoke billowed high above st. peter's square, signaling the cardinals had chosen the new pontiff. we'll keep these dramatic pictures for you throughout the hour, until we see the new pope, lea
the economy is slowly getting better. if you look, this week wasn't a real robust week in terms of data, but you did have better retail sales. you had better initial claims. today, capacity utilization at five-year highs. i think that was very impressive. so i think you continue -- we're continuing to look at about 2, 2.5% gdp. and i would say that earnings in the fourth quarter were definitely better than expected. and should we actually start to see the global easing around the world start to work, maybe your up side is on the revenue line. if margins can stay -- kind of stay where they are, i think you can have revenue acceleration over time. >> i want to get your take on what we heard this morning, rick santelli. bill miller on "squawk box" this morning. listen to what he said about stocks, talking about how that impacts the whole market. >> i think there's a lot more to go. stocks are cheap relative to bonds, and they're cheap relative to sort of the absolute levels that you'd expect, even at normalized bonds. if ten-year treasuries go to 10%, we had 6% ten-year treasuries in the 1
. how much of a threat is the happening in europe to the u.s. economy right now? >> also, two huge interviews still to come. meredith whitney tells us why she's very bullish on one of wall street's biggest banks and right now. and cit group chairman and ceo john thain reacts to the rumor that will not go away. namely that his company has been shopping for a suitor. john will try and lay those fears aside once again, those rumors. >> a look at where we stand as we approach this final stretch, final hour of the day. dow jones industrial down about 26 points. had been down 110. we are well off of the lows. nasdaq looks like this. also pretty volatile in the afternoon here. as you can see, it is down about five points at 3243. s&p 500 really similar move here. down five points. equities showing great resilience, pushing back from a triple digit loss today. will the crisis abroad keep the markets in jeopardy? >> you had to be named steve to be on the panel today for the most part. steven water from russell investments, steve sacks. steve liesman is with us. and then there's that guy san
truly reflect what is perceived to be a good or bettering economy, or is it just the fed. remember, 20 years ago on that chart that i'm showing, in '94, when the fed had its tightening cycle, that was the last time we saw 8% in the 30-year. what would stocks do today if you saw 8%? it would be, what, about $500 to $ $ 700 billion. >> the fear is when the fed does start to pull back on quantitative easing, we'll get a spike in rates and the stock market will fall, unless they come up with a way to ease this out, some kind of exit strategy. what do you sense they're going to work on? >> i'm going to shock you today and actually agree with ric santelli on something, which is i think that there's way too much attention to the fed in terms of trying to explain this rally. to me, the most interesting story of the last two or three months is how policy, whether it's monetary policy or fiscal policy here in washington, is receding, that's a big story. now, tomorrow on the cover of our magazine, "the economist," we have a story called the "the america that works." and i think the theme that com
Search Results 0 to 5 of about 6